StockGro Parent AssetGro Fintech Plans Rs 536 Cr IPO Fresh Issue

StockGro’s parent company, AssetGro Fintech, is set to raise up to Rs 536 crore through a fresh issue of equity shares as part of its proposed initial public offering. According to its filing with the Registrar of Companies, the company passed a resolution approving the fresh equity issue and an offer for sale by existing shareholders. The size of the offer for sale has not been disclosed in the resolution.

The company may raise up to Rs 107.2 crore through a pre-IPO placement before the offer. If completed, that amount will be deducted from the fresh issue, according to the filing. StockGro has not yet disclosed the final IPO size, price band, valuation or listing timeline.

In a separate filing ahead of the IPO, StockGro passed a resolution to appoint Dinesh Chander Patwari, Yatrik Rushikesh Vin and Divya Dwivedi as independent directors for five-year terms. The company has also proposed appointing Diyanshi Agrawal as a nominee director. These appointments add formal governance updates to the company’s IPO-related steps.

Founded in 2020 by former venture capitalist Ajay Lakhotia, StockGro is building a full-stack ecosystem for trading and investing through expert-driven insights and AI-powered research on a social-first, community-led platform. The company has raised over $100 million to date from investors including BITKRAFT Ventures, SBI Ventures, Root Ventures and General Catalyst, among others. Its operating revenue rose 30.99% to Rs 113.33 crore in FY25 from Rs 86.52 crore in FY24, while it reported a profit of Rs 34.64 crore in FY25 compared with a loss of Rs 101.17 crore in the previous fiscal.